If you're a drone fan but not too keen on registering with the Federal Aviation Association - as all drone owners are now required to do - you may want to look into downsizing to the world's smallest drone equipped with a camera.

The Axis Vidius is a cute quadcopter that's roughly 1.5 inches square and so tiny (it weighs less than .55 pounds) that you don't have to register it with the FAA.

Drones that have to be registered are between .55 pounds and 55 pounds, according to the FAA.The little drone measures in at 4.3cm x 4.3cm x 2.5cm.

The Axis Vidius is billed as the world's smallest first person view (FPV) drone (above) - it weighs less than .55 pounds and therefore doesn't need to be registered with the FAA

The tiny drone still packs a punch: It can fly up to 100 feet away while doing 360 degree flips and rolls

In December, the FAA required all pilots, even hobbyists, to register their drones online. It will cost $5 but the fee is waived through January 20.

Information will be public access. And so far the program has registered about 20,000 drone owners. Registration is valid for three years.

While not having to deal with paperwork is a plus to some, the micro-drone does have its drawbacks.

The cute little drone can fit in the palm of your hand, yet can still stream live video via WiFi to your phone or tablet - and you can share it with social media or email the footage with a free app

The drone comes in different colors, green, blue, white, black and orange - and is on sale for $75 until January 7 when it hits full $95 retail price

For one, it only flies for five to seven minutes on a 20 minute USB charge.

Pilots can live stream footage in 420p via WiFi and pilot it with a smartphone or tablet. According to the Axis website, the Vidius can fly up to 100 feet away, performing 360 degree flips and rolls while streaming and recording live video.